James P & Genevieve M Mclaughlin Family Foundation
- Assets
- $2.4m
- Revenue
- $649.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/1986
- Data as of
- 06/2024
- EIN
- 13-3335298
Organization Overview
James P & Genevieve M Mclaughlin Family Foundation is located in Stamford, CT. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James P & Genevieve M Mclaughlin Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, James P & Genevieve M Mclaughlin Family Foundation generated $649.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $787.4k during the year ending 06/2024. While expenses have increased by 7.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, James P & Genevieve M Mclaughlin Family Foundation has awarded 60 individual grants totaling $2,480,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul B Mclaughlin President, Trustee | 3 | $0 | |
Jean M Mclaughlin Trustee | 0 | $0 | |
Alison C Mclaughlin Sec Treas, Trustee | 3 | $0 | |
Robert B Mclaughlin Trustee | 0 | $0 | |
Colin H Mclaughlin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $233,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,585 |
| Capital Gain Net Income | $415,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $649,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136,278 |
| Total operating and administrative expenses | $147,428 |
| Contributions, gifts, grants paid | $640,000 |
| Total expenses and disbursements | $787,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,355 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,428,836 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, James P & Genevieve M Mclaughlin Family Foundation has awarded $640,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
RESOURCE CENTER FOR COMMUNITY DEVELOPMENT PURPOSE: GENERAL | $160,000 |
JESUIT RESTORATIVE JUSTICE INITIATIVE PURPOSE: GENERAL | $15,000 |
CRISTO REY NY HIGH SCHOOL PURPOSE: GENERAL | $60,000 |
SISTERS OR PROVIDENCE PURPOSE: GENERAL | $60,000 |
EDMUNDITE MISSIONS PURPOSE: GENERAL | $35,000 |
RED CLOUD INDIAN SCHOOL PURPOSE: GENERAL | $45,000 |